A criticality index for prioritizing economic sectors for post-crisis recovery in oleo-chemical industry

S. Z. Y. Foong, V. Andiappan, K. B. Aviso, N. G. Chemmangattuvalappil, R. R. Tan, K. D. S. Yu, D. K. S. Ng

Research output: Contribution to journalArticlepeer-review

Abstract

Most countries have implemented lockdowns as the main non-pharmaceutical intervention in response to the global Covid-19 pandemic. Such actions have resulted in negative economic impacts on different sectors, which include manufacturing and processing industry. This concern has led to the need to develop post-lockdown “exit strategies” to mitigate the adverse socio-economic impacts. In this work, a systematic approach is developed to quantify the criticality of economic sectors based on a sector criticality index (SCI) and rank them based on their importance relative to the entire national economy. SCI is a weighted composite score based on five criteria which capture relevant dimensions in judging the importance of sectors: economic impact, connectivity, sector size, income multiplier, and employment. The input-output model is then used to evaluate the interaction amongst the economic sectors. The use of the proposed approach is illustrated with a case study focusing on evaluating the impact on oleo-chemical industries and associated agro-industrial sectors in Malaysia.

Original languageEnglish
JournalJournal of the Taiwan Institute of Chemical Engineers
Early online date8 Jul 2021
DOIs
Publication statusE-pub ahead of print - 8 Jul 2021

Keywords

  • Best-worst method
  • Covid-19 pandemic
  • Input-output analysis
  • Sector criticality index

ASJC Scopus subject areas

  • Chemistry(all)
  • Chemical Engineering(all)

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